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News recently broke that Caterham is soliciting new investment to carry on with its ambitions plans. However, that's not keeping the sports car builder from moving forward with new projects. Case in point is its latest creation: the limited edition Seven 250R Kamui Special Edition in honor of its F1 driver, Kamui Kobayashi.

We are just a few days away from the kickoff of the 2014 Formula One season with the Australian Grand Prix, and among all of the shakeups with cars, engines and drivers, Kamui Kobayashi is back in the sport. This year, the Japanese pilot has found a seat at Caterham after taking a year out of F1 for a stint in in the FIA World Endurance Championship. He's starting off his new role in a video showing company's latest, most powerful creation – the Seven 620 R.

Whoops. That's a word nobody wants to hear in racing, and that's especially true in Formula 1, where the cars cost untold millions to design, develop, build and operate. In other words, just about any 'whoops' is an expensive 'whoops.'

The buck's got to stop somewhere. Toyota has been pouring in hundreds of millions of dollars into its Formula One racing program for seven years now and has little to show for it. Now after both Honda and BMW have mothballed their F1 teams, Toyota has confirmed longstanding speculation by doing the same.

As the Formula One championship winds to a close, the series is on track for a big change-up in drivers. But not before one last in-season switch. Earlier this season, Toro Rosso replaced Sebastien Bourdais with Jaime Alguersuai. Ferrari called up Luca Badoer to fill in for an injured Felipe Massa when Michael Schumacher wasn't up to the task, and subsequently replaced Badoer with Giancarlo Fisichella, leaving Force India to promote Tonio Liuzzi to Fisico's seat. And of course Renault fired Nels